Canadian Housing Starts (May 2021)
Posted on Jun 16, 2021
Canadian housing starts increased by 3.2% m/m to 275.9k units in May at a seasonally adjusted annual rate (SAAR). Starts hit a record in March of 333.3k before declining somewhat in April. Single-detached housing starts declined 12% from April, while all other housing starts rose 11%. National housing starts were up by 41% compared to the same time...Strong Demand, Dwindling Supply for BC Housing Markets
Posted on Jun 14, 2021
Bank of Canada - Interest Rate Announcement
Posted on Jun 09, 2021 in Mortgage News
The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and inflation sustainably returns to its 2 per cent tar...Greater Vancouver Real Estate Statistics - May 2021
Posted on Jun 02, 2021 in Market Update
Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the reg...
Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1
Posted on May 22, 2021 in Mortgage News
Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage.The Office of the Superintendent of Financial Institutions (OSFI) confirmed on Thursday that it will move ahead with its stress test changes first announced last month, which will apply to uninsured mortgages...
Vancouver Real Estate Statistics - April 2021
Posted on May 04, 2021 in Market Update
Supply response emerges in Metro Vancouver’s active housing market
Home sellers have become increasingly active in Metro Vancouver’s housing market this spring in response to heightened demand and rising home values that have materialized during the pandemic.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in th...
